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Selling house and best place to invest savings
Options
funkyMS
Posts: 2 Newbie
Hi all,
I'm new to the forum. I'm relocating from UK (UK citizen) to central Europe in August and wanted to know what the best options (my banks are UK based) for storing the equity for a period for a year or so before we will make a purchase also outside of UK to give ourselves some time.
What are potential ideas, Is it best to keep my UK account and hold it there?
Best wishes
I'm new to the forum. I'm relocating from UK (UK citizen) to central Europe in August and wanted to know what the best options (my banks are UK based) for storing the equity for a period for a year or so before we will make a purchase also outside of UK to give ourselves some time.
What are potential ideas, Is it best to keep my UK account and hold it there?
Best wishes
0
Comments
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Not a property question.Post on the savings & investments forum.(but NS&I is as good as anywhere unless you transfer the money abroad where UK respondants here are unikely to be able to advise)1
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I assume you mean "save" rather than invest, as 1 year is not really long enough to go with investments, in which case NSI is probably as good as any at the mo and at least your money has some form of protection rather that the £85k limit for banks etc.I would even suggest £50k in good old premium bonds?.."It's everybody's fault but mine...."1
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NS&I is still giving just over 1%, I understand, and as others have said, it's safe.1
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That's great, thanks to all and apologies for posting in the wrong section0
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